Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B ⚠	117,831	$14.72M	7.3%	$124.97 *	$110.14	+6.1%	—	084670702
BRK/B	BERKSHIRE HATHAWAY B NEW CLASS ⚠	117,371	$14.67M	7.3%	$124.96 *	$110.14	+6.1%	COM	084670702
MSFT	MICROSOFT CORP	183,180	$7.508M	3.7%	$40.99 *	$26.70	+17.1%	COM	594918104
—	HOWARD HUGHES CORP	49,964	$7.13M	3.5%	$142.70	$112.07	—	COM	44267d107
—	YAHOO INC	185,880	$6.673M	3.3%	$35.90	$25.13	—	COM	984332106
GLW	CORNING INC	317,085	$6.601M	3.3%	$20.82 *	$10.49	+31.8%	COM	219350105
BAC	BANK OF AMERICA CORP	346,976	$5.967M	3.0%	$17.20 *	$10.07	+31.6%	COM	060505104
—	MEDTRONIC PLC F	96,440	$5.934M	3.0%	$61.53	$53.24	—	COM	g5960l103
—	MEDTRONIC INC	96,090	$5.913M	2.9%	$61.54	$51.96	—	COM	585055106
AIG	AMERICAN INTL GROUP ⚠	116,011	$5.801M	2.9%	$50.00 *	$32.60	+16.2%	COM	026874784
AIG	AMERICAN INTL GROUP NEW ⚠	115,576	$5.779M	2.9%	$50.00 *	$32.60	+16.2%	—	026874784
—	HARRIS CORPORATION	76,945	$5.629M	2.8%	$73.16	$49.25	—	COM	413875105
MKL	MARKEL CORP ⚠	9,018	$5.375M	2.7%	$596.03 *	$523.59	+8.8%	COM	570535104
MKL	MARKEL CORP HOLDING COMPANY ⚠	8,983	$5.354M	2.7%	$596.01 *	$523.59	+8.8%	—	570535104
—	ALPHABET INC CLASS A	4,655	$5.188M	2.6%	$1114.50	$875.83	—	COM	02079k305
—	GOOGLE INC CLASS A VTG VOTING	4,637	$5.167M	2.6%	$1114.30	$880.27	—	COM	38259p508
DDS	DILLARDS INC CLASS A ⚠	52,570	$4.857M	2.4%	$92.39 *	$59.94	+11.9%	—	254067101
DDS	DILLARDS INC CL A ⚠	52,370	$4.838M	2.4%	$92.38 *	$59.94	+11.9%	COM	254067101
—	LEUCADIA NATIONAL CO ⚠	166,770	$4.669M	2.3%	$28.00	$26.22	—	COM	527288104
—	LEUCADIA NATIONAL CORP ⚠	166,140	$4.651M	2.3%	$27.99	$26.22	—	—	527288104
—	CISCO SYSTEMS INC	205,712	$4.611M	2.3%	$22.41	$24.33	—	COM	17275r102
—	WISDOMTREE JAPAN HEDGED EQUITY ⚠	95,172	$4.505M	2.2%	$47.34	$47.34	—	UIUS	97717w851
—	WISDOMTREE JPN HDGD EQTY JAPAN ⚠	94,822	$4.488M	2.2%	$47.33	$47.34	—	—	97717w851
—	SPDR GOLD SHARES ETF ⚠	33,208	$4.104M	2.0%	$123.58	$119.09	—	UIUS	78463v107
—	SPDR GOLD TRUST SPDR GOLD SHAR ⚠	33,080	$4.089M	2.0%	$123.61	$119.09	—	—	78463v107
—	VODAFONE GROUP F ADR 1 ADR REP ⚠	109,971	$4.048M	2.0%	$36.81	$35.18	—	COM	92857w308
—	VODAFONE GROUP NEW ADR F SPONS ⚠	108,020	$3.976M	2.0%	$36.81	$35.18	—	—	92857w308
CVX	CHEVRON CORPORATION	28,017	$3.331M	1.7%	$118.89 *	$71.30	-1.3%	COM	166764100
—	ABBVIE INC	60,270	$3.097M	1.5%	$51.39	$41.33	—	COM	00287y109
—	MARKET VECTORS GOLD MINERS ETF ⚠	123,015	$2.903M	1.4%	$23.60	$23.60	—	—	57060u100
—	MARKET VECTORS ETF TRUST GOLD ⚠	122,865	$2.9M	1.4%	$23.60	$23.60	—	UIUS	57060u100
—	HCP INC REIT REIT ⚠	72,005	$2.793M	1.4%	$38.79	$45.43	—	—	40414l109
—	H C P INC REIT ⚠	71,735	$2.782M	1.4%	$38.78	$45.43	—	OAUS	40414l109
—	SEARS HOLDINGS CORP	55,309	$2.641M	1.3%	$47.75	$59.48	—	COM	812350106
—	VERIZON COMMUNICATIONS	53,525	$2.546M	1.3%	$47.57	$47.57	—	COM	92343v104
AAPL	APPLE INC	4,592	$2.464M	1.2%	$536.59 *	$13.25	+25.2%	COM	037833100
—	BIG 5 SPORTING GOODS CP ⚠	153,580	$2.464M	1.2%	$16.04	$16.10	—	—	08915p101
—	BIG 5 SPORTING GOODS ⚠	153,580	$2.464M	1.2%	$16.04	$16.10	—	COM	08915p101
ABT	ABBOTT LABORATORIES	60,270	$2.32M	1.2%	$38.49 *	$28.85	+6.5%	COM	002824100
IGSB	ISHARES 1-3 YEAR CREDIT BOND E	18,720	$1.974M	1.0%	$105.45	$104.99	—	UHUS	464288646
—	GLOBAL X SUPERDIVIDEND ETF ⚠	29,390	$721K	0.4%	$24.53	$22.87	—	—	37950e549
—	GLOBAL X ETF SUPERDIVIDEND ETF ⚠	28,510	$699K	0.3%	$24.52	$22.87	—	UIUS	37950e549
IGIB	ISHARES INTERM CREDIT BOND ETF	5,925	$646K	0.3%	$109.03	$107.63	—	UHUS	464288638
ARAY	ACCURAY INC	50,000	$480K	0.2%	$9.60	$5.05	+87.1%	COM	004397105
—	TESLA MOTORS INC	1,940	$404K	0.2%	$208.25	$107.20	—	COM	88160r101
—	SOLAR SENIOR CAPITAL	22,405	$383K	0.2%	$17.09	$18.38	—	COM	83416m105
—	LINKEDIN CORP CLASS A ⚠	1,720	$318K	0.2%	$184.88	$177.91	—	—	53578a108
—	LINKEDIN CORP ⚠	1,720	$318K	0.2%	$184.88	$177.91	—	COM	53578a108
—	CRIMSON WINE GROUP	16,601	$146K	0.1%	$8.79	$8.50	—	COM	22662x100